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Anglo American Sells Chile Assets
Anglo American is selling its Chilean Moly-Cop business to Australia’s OneSteel. The subsidiary manufactures grinding equipment, and has facilities in Chile, Peru, Mexico and Canada. The business is being sold alongside Anglo American’s Canada-based AltaSteel unit for a total of $932m. The 2 units had combined revenues of $642m in 2009 with Ebitda of $72m.